(1/4) We chose to become one of the first public crypto companies. This decision carries the weight of high transparency, and that transparency is a core part of our ethos. It’s one of the key differentiators of our platform.
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(2/4) We manage risk and prioritize the security of customer funds first and foremost. We keep things simple. No DeFi lending activities, no algorithmic stablecoin staking or lending, no derivative assets, and certainly no stETH.
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(3/4) Our straightforward, low-risk approach to asset management is the result of our decades of experience leading companies through market cycles. We have the experience to back our decisions and weather any bear market.
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(4/4) Our sole mission is to make crypto as simple and safe as possible for consumer use. As a company we always act in the best interest of our customers.
This morning’s press release has more details:
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Uh.... "Low risk asset management." Says the now insolvent exchange.
What a joke.
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“Low risk approach”?! You loaned 52% of your uncollateralized book to a single entity. This is the most blatant disregard for risk that I’ve ever seen. 🤮
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